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Category Archives: FX Street

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Oil prices slide on US rig count number

Oil prices at both the sides of the Atlantic dropped more than 1% after data released on Friday showed number of oil rigs in the US increased for the 10th straight week. At the time of writing, WTI oil was down 1.7% at $45.08. Brent

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Gold extends Friday’s losses, eyes Fed speak

Gold is extending Friday’s losses in Asia as hawkish Fed speak is driving investors out of precious metal and equities and into US dollar.   Trending 0.34% lower on the day, the precious metal sees further risk ahead in the form of additional Fed member

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PBoC set the yuan at 6.6908 vrs 6.6684 last

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GBP/JPY peeps above 23.6% Fibo

Yen is being offered now, helping the GBP/JPY and other Yen cross erase early losses. GBP/JPY pair is now sitting above 136.04 (23.6% of 160.12-128.60). Bearish daily 5-MA & 10-DMA crossover The recovery from the session low of 135.64 levels appears to be failing with

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USD/JPY: consolidating the early Asian drop ahead of Tokyo

USD/JPY dropped in early Asia by 30 pips in a risk-off environment following a turn in sentiment with the recent disappointments in the US economy and outlooks for Central Bank’s policies.  USD/JPY had otherwise been bid in a recovery of the sell-off in late August’s